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These days, finding an affordable place to live in the Spring Grove area can be challenging. Home prices in Spring Grove are now at a median cost of $158,002, lower than the Indiana average of $232,932.
The average cost of rent is $866/mo in Spring Grove, primarily driven by the current value of real estate in the Spring Grove area. In Spring Grove, 35.31% of households rent, and 43.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Grove is $5,665 per month. Households that rent pay about 15.29% of their income on rent here. Spring Grove’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Richmond, IN: less expensive homes
- Webster, IN: equally priced homes
- New Westville, OH: higher priced homes
- New Paris, OH: less expensive homes
- Centerville, IN: higher priced homes
- Whitewater, IN: equally priced homes
- Boston, IN: higher priced homes
- Fountain City, IN: less expensive homes
- Greens Fork, IN: equally priced homes
- Williamsburg, IN: equally priced homes
Cities with Similar Populations
- Royalton, WI: higher priced homes
- Richey, MT: higher priced homes
- Riverside, WY: higher priced homes
- Riverview, AL: less expensive homes
- Robertson, IA: less expensive homes
- Rockport Colony, SD: higher priced homes
- Rockville, UT: higher priced homes
- Rogers, NE: higher priced homes
- Romayor, TX: higher priced homes
- Rossie, NY: less expensive homes
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